View ValuationFerronordic 将来の成長Future 基準チェック /46Ferronordic利益と収益がそれぞれ年間63%と7.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に8.9% 62.8%なると予測されています。主要情報63.0%収益成長率62.83%EPS成長率Trade Distributors 収益成長13.5%収益成長率7.3%将来の株主資本利益率8.92%アナリストカバレッジLow最終更新日13 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesRecent Insider Transactions • May 22Executive Chairman of the Board recently bought €182k worth of stockOn the 19th of May, Lars Corneliusson bought around 43k shares on-market at roughly €4.20 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.お知らせ • May 15Ferronordic Appoints Fredrik Isberg as Board MemberFerronordic at its annual general meeting held on May 13, 2026 elected Fredrik Isberg as board member.お知らせ • Apr 02+ 2 more updatesFerronordic AB (publ) to Report First Half, 2026 Results on Aug 12, 2026Ferronordic AB (publ) announced that they will report first half, 2026 results on Aug 12, 2026お知らせ • Feb 13Ferronordic AB (publ), Annual General Meeting, May 13, 2026Ferronordic AB (publ), Annual General Meeting, May 13, 2026.お知らせ • Feb 12Ferronordic AB (publ) to Report Fiscal Year 2025 Final Results on Apr 02, 2026Ferronordic AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 02, 2026お知らせ • Jan 06Ferronordic AB (publ) to Report Q1, 2026 Results on May 13, 2026Ferronordic AB (publ) announced that they will report Q1, 2026 results on May 13, 2026お知らせ • Oct 30Ferronordic AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026Ferronordic AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026お知らせ • Oct 02Ferronordic AB (Publ) Announces Executive ChangesFerronordic AB (publ) announced that Nadezhda Semiletova, HR Director, and Anton Zheliapov, Trucks, Used and Rental Director, will leave the company's Executive Management and assume other roles in the Group. Nadezhda Semiletova will become Managing Director of Ferronordic's business in Kazakhstan and be responsible for driving the company's development and growth in that market. She continues to report to Ferronordic's CEO, Henrik Carlborg. Anton Zheliapov will focus entirely on the company's business in Germany, particularly on the rental and used business, as well as Ferronordic's initiatives related to sustainable transports. In his new role, he will report to the President of Ferronordic Germany. The changes will take effect as of 1 November 2025.お知らせ • May 16Ferronordic AB (Publ) Elects Peter Zonabend as Members of the BoardFerronordic AB (publ) at its AGM held on May 15, 2025, approved the Peter Zonabend were elected members of the Board for the period until the end of the next annual general meeting.お知らせ • Mar 26Ferronordic AB (publ), Annual General Meeting, May 15, 2025Ferronordic AB (publ), Annual General Meeting, May 15, 2025.お知らせ • Feb 06Ferronordic AB (publ) to Report First Half, 2025 Results on Aug 14, 2025Ferronordic AB (publ) announced that they will report first half, 2025 results on Aug 14, 2025お知らせ • Feb 05Ferronordic AB (publ) to Report Q3, 2025 Results on Nov 13, 2025Ferronordic AB (publ) announced that they will report Q3, 2025 results on Nov 13, 2025お知らせ • Jan 27Ferronordic AB (publ) to Report Fiscal Year 2024 Results on Feb 20, 2025Ferronordic AB (publ) announced that they will report fiscal year 2024 results on Feb 20, 2025Reported Earnings • Nov 16Third quarter 2024 earnings released: kr6.07 loss per share (vs kr6.12 loss in 3Q 2023)Third quarter 2024 results: kr6.07 loss per share (improved from kr6.12 loss in 3Q 2023). Revenue: kr1.14b (up 77% from 3Q 2023). Net loss: kr88.0m (loss narrowed 1.1% from 3Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe.お知らせ • Oct 02Ferronordic AB (publ) Announces Update on Dividend PolicyFerronordic AB (publ) announced that the Board has reviewed Ferronordic's dividend policy. According to the new policy, the ambition for the Company should be to pay at least 50% of net income if net debt/EBITDA is less than 1.0, post dividend payment, and to pay at least 25% if net debt/EBITDA is more than 1.0. The Board will take several factors into account when proposing the level of dividend including legal requirements, the articles of association, the group's expansion opportunities, its financial position and other investment needs.お知らせ • Sep 11+ 1 more updateFerronordic AB (publ) to Report Fiscal Year 2024 Results on Apr 11, 2025Ferronordic AB (publ) announced that they will report fiscal year 2024 results on Apr 11, 2025Reported Earnings • Aug 16Second quarter 2024 earnings released: kr5.56 loss per share (vs kr4.40 profit in 2Q 2023)Second quarter 2024 results: kr5.56 loss per share (down from kr4.40 profit in 2Q 2023). Revenue: kr1.10b (up 63% from 2Q 2023). Net loss: kr81.0m (down 227% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe.New Risk • Aug 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €90.5m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (€90.5m market cap, or US$99.3m).Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Aurore Belfrage was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 18Ferronordic AB (publ) Approves Omission of DividendFerronordic AB (publ) announced that at the AGM held on 16 May 2024 it was resolved not to pay dividend.Reported Earnings • May 17First quarter 2024 earnings released: EPS: kr4.83 (vs kr0.48 in 1Q 2023)First quarter 2024 results: EPS: kr4.83 (up from kr0.48 in 1Q 2023). Revenue: kr1.17b (up 86% from 1Q 2023). Net income: kr70.0m (up kr63.0m from 1Q 2023). Profit margin: 6.0% (up from 1.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Trade Distributors industry in Europe.お知らせ • Apr 18Ferronordic AB (publ) Announces Composition of Nomination CommitteeFerronordic AB (publ) at its annual general meeting to be held on 16 May 2024, announced The Nomination Committee for the AGM, consisting of Jörgen Olsson (chairman), representing Skandinavkonsult i Stockholm AB, Peter Zonabend, representing Per Arwidsson with associated companies, Anders Blomqvist, representing Lars Corneliusson with associated companies, and Lars Hagerud, representing AltoCumulus, proposes Staffan Jufors as chairman of the meeting.New Risk • Apr 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€86.0m market cap, or US$91.4m).Reported Earnings • Feb 23Full year 2023 earnings released: kr7.39 loss per share (vs kr13.56 profit in FY 2022)Full year 2023 results: kr7.39 loss per share (down from kr13.56 profit in FY 2022). Revenue: kr2.86b (up 45% from FY 2022). Net loss: kr107.0m (down 154% from profit in FY 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Europe.New Risk • Feb 23New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 248% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (€88.6m market cap, or US$96.0m).お知らせ • Feb 22+ 1 more updateFerronordic AB (publ) to Report Q2, 2024 Results on Aug 15, 2024Ferronordic AB (publ) announced that they will report Q2, 2024 results on Aug 15, 2024Recent Insider Transactions • Jan 15Insider recently sold €51k worth of stockOn the 10th of January, Dan Eliasson sold around 8k shares on-market at roughly €6.42 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €174k. Despite this recent sale, insiders have collectively bought €520k more than they sold in the last 12 months.Recent Insider Transactions • Dec 29Group CFO & Head of Investor Relations recently sold €174k worth of stockOn the 21st of December, Erik Danemar sold around 27k shares on-market at roughly €6.49 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Erik has been a net seller over the last 12 months, reducing personal holdings by €130k.お知らせ • Dec 21+ 1 more updateFerronordic AB (publ) to Report Q1, 2024 Results on May 16, 2024Ferronordic AB (publ) announced that they will report Q1, 2024 results on May 16, 2024お知らせ • Dec 01Ferronordic AB (publ) (OM:FNM) completed the acquisition of Rudd Equipment Company, Inc. for $95 million.Ferronordic AB (publ) (OM:FNM) entered into an agreement to acquire Rudd Equipment Company, Inc. for $95 million on November 13, 2023. The purchase price amounts to $95 million, corresponding to 5.8 x 2022 IFRS-adjusted earnings before tax. Based on the expected net debt at closing, the expected enterprise value amounts to $113 million. Ferronordic will also acquire two real properties in Cincinnati and Louisville, currently rented by Rudd from its owner. The price for the properties is $10 million. The total price for the stock in Rudd and the two properties amounts to $105 million. Out of this amount, $60 million will be financed with own cash/equity and $45 million with new bank debt. Ferronordic has received a commitment letter from Nordea for a three-year $45 million term loan facility for the acquisition, as well as a $35 million working capital facility. After closing, Rudd will be a wholly owned subsidiary of Ferronordic AB and will be integrated into Ferronordic’s general corporate governance and internal controls. In 2022, Rudd had sales of $308.3 million with an operating income of $16.5 million and earnings before tax of $16.4 million (both adjusted to IFRS). All consents and approvals for the transaction have been obtained, including the approval of Volvo CE. Thus, all conditions for the transaction have been satisfied. The transaction will be completed on 30 November 2023. The transaction is not expected to have any direct impact on Ferronordic’s business in Germany and Kazakhstan. Ferronordic AB (publ) (OM:FNM) completed the acquisition of Rudd Equipment Company, Inc. on November 30, 2023.Recent Insider Transactions • Nov 24President recently bought €430k worth of stockOn the 21st of November, Lars Corneliusson bought around 67k shares on-market at roughly €6.42 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: kr6.16 loss per share. Revenue: kr643.0m (down 56% from 3Q 2022). Net loss: kr89.0m (down 124% from profit in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Trade Distributors industry in Europe.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €7.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Trade Distributors industry in Europe.お知らせ • Sep 20Ferronordic AB (publ), Annual General Meeting, May 16, 2024Ferronordic AB (publ), Annual General Meeting, May 16, 2024.Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: kr4.40 (vs kr6.68 loss in 2Q 2022)Second quarter 2023 results: EPS: kr4.40 (up from kr6.68 loss in 2Q 2022). Revenue: kr674.0m (up 68% from 2Q 2022). Net income: kr64.0m (up kr161.0m from 2Q 2022). Profit margin: 9.5% (up from net loss in 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe.お知らせ • Jun 14+ 1 more updateFerronordic AB (publ) to Report Fiscal Year 2023 Results on Feb 22, 2024Ferronordic AB (publ) announced that they will report fiscal year 2023 results on Feb 22, 2024Recent Insider Transactions • Jun 13Independent Director recently bought €316k worth of stockOn the 9th of June, Hakan Eriksson bought around 50k shares on-market at roughly €6.33 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €370k more in shares than they have sold in the last 12 months.New Risk • Jun 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.0m (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 47% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€91.0m market cap, or US$97.7m).Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €7.34, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 14x in the Trade Distributors industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €5.74 per share.お知らせ • May 12Ferronordic AB (Publ) Approves Dividend, Payable Around 19 May 2023Ferronordic AB (publ) at the AGM, the shareholders approved to pay a dividend of SEK 7.50 per share. The record date for receiving the dividend is 15 May 2023. Payment will take place around 19 May 2023.お知らせ • Feb 17Ferronordic AB (publ) to Report Q2, 2023 Results on Aug 17, 2023Ferronordic AB (publ) announced that they will report Q2, 2023 results on Aug 17, 2023業績と収益の成長予測DB:AA4 - アナリストの将来予測と過去の財務データ ( )SEK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20285,478157496589212/31/20275,164124401499212/31/20264,7738119427123/31/20264,488-17293369N/A12/31/20254,566-199626701N/A9/30/20254,543-204680261N/A6/30/20254,653-279721393N/A3/31/20254,754-309557401N/A12/31/20244,880-89275340N/A9/30/20244,446-187419968N/A6/30/20243,919-189-25453N/A3/31/20243,478-44-151223N/A12/31/20232,863-107-176-27N/A9/30/20232,65330-401-222N/A6/30/20232,422382-78106N/A3/31/20232,149221-159105N/A12/31/20221,973183-137215N/A9/30/2022-1,738-226-199182N/A6/30/2022-489-379-157269N/A3/31/2022699-19625350N/A12/31/20211,511-109209457N/A9/30/20215,702296531717N/A6/30/20215,170268386491N/A3/31/20214,784258607683N/A12/31/20204,635222631693N/A9/30/20204,410234388517N/A6/30/20204,245228367511N/A3/31/20204,142225-266-114N/A12/31/20193,747251N/A-330N/A9/30/20193,806257N/A-321N/A6/30/20193,633244N/A-312N/A3/31/20193,350210N/A58N/A12/31/20183,241192N/A150N/A9/30/20182,828135N/A5N/A6/30/20182,663102N/A-1N/A3/31/20182,63099N/A88N/A12/31/20172,56787N/A148N/A9/30/20172,49982N/A403N/A6/30/20172,27974N/A201N/A3/31/20171,89944N/A135N/A12/31/20161,65830N/A141N/A9/30/20161,521-13N/A93N/A6/30/20161,488-16N/A380N/A3/31/20161,526-8N/A248N/A12/31/20151,469-21N/A234N/A9/30/20151,664-24N/A281N/A6/30/20151,907-41N/A5N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AA4は今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.9% ) よりも高い成長率であると考えられます。収益対市場: AA4今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: AA4今後 3 年以内に収益を上げることが予想されます。収益対市場: AA4の収益 ( 7.3% ) German市場 ( 6.8% ) よりも速いペースで成長すると予測されています。高い収益成長: AA4の収益 ( 7.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AA4の 自己資本利益率 は、3年後には低くなると予測されています ( 8.9 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 17:29終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ferronordic AB (publ) 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関null nullABG Sundal CollierOfelia AspemyrABG Sundal Collier Sponsorednull nullABG Sundal Collier Sponsored2 その他のアナリストを表示
Recent Insider Transactions • May 22Executive Chairman of the Board recently bought €182k worth of stockOn the 19th of May, Lars Corneliusson bought around 43k shares on-market at roughly €4.20 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.
お知らせ • May 15Ferronordic Appoints Fredrik Isberg as Board MemberFerronordic at its annual general meeting held on May 13, 2026 elected Fredrik Isberg as board member.
お知らせ • Apr 02+ 2 more updatesFerronordic AB (publ) to Report First Half, 2026 Results on Aug 12, 2026Ferronordic AB (publ) announced that they will report first half, 2026 results on Aug 12, 2026
お知らせ • Feb 13Ferronordic AB (publ), Annual General Meeting, May 13, 2026Ferronordic AB (publ), Annual General Meeting, May 13, 2026.
お知らせ • Feb 12Ferronordic AB (publ) to Report Fiscal Year 2025 Final Results on Apr 02, 2026Ferronordic AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 02, 2026
お知らせ • Jan 06Ferronordic AB (publ) to Report Q1, 2026 Results on May 13, 2026Ferronordic AB (publ) announced that they will report Q1, 2026 results on May 13, 2026
お知らせ • Oct 30Ferronordic AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026Ferronordic AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026
お知らせ • Oct 02Ferronordic AB (Publ) Announces Executive ChangesFerronordic AB (publ) announced that Nadezhda Semiletova, HR Director, and Anton Zheliapov, Trucks, Used and Rental Director, will leave the company's Executive Management and assume other roles in the Group. Nadezhda Semiletova will become Managing Director of Ferronordic's business in Kazakhstan and be responsible for driving the company's development and growth in that market. She continues to report to Ferronordic's CEO, Henrik Carlborg. Anton Zheliapov will focus entirely on the company's business in Germany, particularly on the rental and used business, as well as Ferronordic's initiatives related to sustainable transports. In his new role, he will report to the President of Ferronordic Germany. The changes will take effect as of 1 November 2025.
お知らせ • May 16Ferronordic AB (Publ) Elects Peter Zonabend as Members of the BoardFerronordic AB (publ) at its AGM held on May 15, 2025, approved the Peter Zonabend were elected members of the Board for the period until the end of the next annual general meeting.
お知らせ • Mar 26Ferronordic AB (publ), Annual General Meeting, May 15, 2025Ferronordic AB (publ), Annual General Meeting, May 15, 2025.
お知らせ • Feb 06Ferronordic AB (publ) to Report First Half, 2025 Results on Aug 14, 2025Ferronordic AB (publ) announced that they will report first half, 2025 results on Aug 14, 2025
お知らせ • Feb 05Ferronordic AB (publ) to Report Q3, 2025 Results on Nov 13, 2025Ferronordic AB (publ) announced that they will report Q3, 2025 results on Nov 13, 2025
お知らせ • Jan 27Ferronordic AB (publ) to Report Fiscal Year 2024 Results on Feb 20, 2025Ferronordic AB (publ) announced that they will report fiscal year 2024 results on Feb 20, 2025
Reported Earnings • Nov 16Third quarter 2024 earnings released: kr6.07 loss per share (vs kr6.12 loss in 3Q 2023)Third quarter 2024 results: kr6.07 loss per share (improved from kr6.12 loss in 3Q 2023). Revenue: kr1.14b (up 77% from 3Q 2023). Net loss: kr88.0m (loss narrowed 1.1% from 3Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe.
お知らせ • Oct 02Ferronordic AB (publ) Announces Update on Dividend PolicyFerronordic AB (publ) announced that the Board has reviewed Ferronordic's dividend policy. According to the new policy, the ambition for the Company should be to pay at least 50% of net income if net debt/EBITDA is less than 1.0, post dividend payment, and to pay at least 25% if net debt/EBITDA is more than 1.0. The Board will take several factors into account when proposing the level of dividend including legal requirements, the articles of association, the group's expansion opportunities, its financial position and other investment needs.
お知らせ • Sep 11+ 1 more updateFerronordic AB (publ) to Report Fiscal Year 2024 Results on Apr 11, 2025Ferronordic AB (publ) announced that they will report fiscal year 2024 results on Apr 11, 2025
Reported Earnings • Aug 16Second quarter 2024 earnings released: kr5.56 loss per share (vs kr4.40 profit in 2Q 2023)Second quarter 2024 results: kr5.56 loss per share (down from kr4.40 profit in 2Q 2023). Revenue: kr1.10b (up 63% from 2Q 2023). Net loss: kr81.0m (down 227% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe.
New Risk • Aug 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €90.5m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (€90.5m market cap, or US$99.3m).
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Aurore Belfrage was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 18Ferronordic AB (publ) Approves Omission of DividendFerronordic AB (publ) announced that at the AGM held on 16 May 2024 it was resolved not to pay dividend.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: kr4.83 (vs kr0.48 in 1Q 2023)First quarter 2024 results: EPS: kr4.83 (up from kr0.48 in 1Q 2023). Revenue: kr1.17b (up 86% from 1Q 2023). Net income: kr70.0m (up kr63.0m from 1Q 2023). Profit margin: 6.0% (up from 1.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Trade Distributors industry in Europe.
お知らせ • Apr 18Ferronordic AB (publ) Announces Composition of Nomination CommitteeFerronordic AB (publ) at its annual general meeting to be held on 16 May 2024, announced The Nomination Committee for the AGM, consisting of Jörgen Olsson (chairman), representing Skandinavkonsult i Stockholm AB, Peter Zonabend, representing Per Arwidsson with associated companies, Anders Blomqvist, representing Lars Corneliusson with associated companies, and Lars Hagerud, representing AltoCumulus, proposes Staffan Jufors as chairman of the meeting.
New Risk • Apr 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€86.0m market cap, or US$91.4m).
Reported Earnings • Feb 23Full year 2023 earnings released: kr7.39 loss per share (vs kr13.56 profit in FY 2022)Full year 2023 results: kr7.39 loss per share (down from kr13.56 profit in FY 2022). Revenue: kr2.86b (up 45% from FY 2022). Net loss: kr107.0m (down 154% from profit in FY 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Europe.
New Risk • Feb 23New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 248% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (€88.6m market cap, or US$96.0m).
お知らせ • Feb 22+ 1 more updateFerronordic AB (publ) to Report Q2, 2024 Results on Aug 15, 2024Ferronordic AB (publ) announced that they will report Q2, 2024 results on Aug 15, 2024
Recent Insider Transactions • Jan 15Insider recently sold €51k worth of stockOn the 10th of January, Dan Eliasson sold around 8k shares on-market at roughly €6.42 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €174k. Despite this recent sale, insiders have collectively bought €520k more than they sold in the last 12 months.
Recent Insider Transactions • Dec 29Group CFO & Head of Investor Relations recently sold €174k worth of stockOn the 21st of December, Erik Danemar sold around 27k shares on-market at roughly €6.49 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Erik has been a net seller over the last 12 months, reducing personal holdings by €130k.
お知らせ • Dec 21+ 1 more updateFerronordic AB (publ) to Report Q1, 2024 Results on May 16, 2024Ferronordic AB (publ) announced that they will report Q1, 2024 results on May 16, 2024
お知らせ • Dec 01Ferronordic AB (publ) (OM:FNM) completed the acquisition of Rudd Equipment Company, Inc. for $95 million.Ferronordic AB (publ) (OM:FNM) entered into an agreement to acquire Rudd Equipment Company, Inc. for $95 million on November 13, 2023. The purchase price amounts to $95 million, corresponding to 5.8 x 2022 IFRS-adjusted earnings before tax. Based on the expected net debt at closing, the expected enterprise value amounts to $113 million. Ferronordic will also acquire two real properties in Cincinnati and Louisville, currently rented by Rudd from its owner. The price for the properties is $10 million. The total price for the stock in Rudd and the two properties amounts to $105 million. Out of this amount, $60 million will be financed with own cash/equity and $45 million with new bank debt. Ferronordic has received a commitment letter from Nordea for a three-year $45 million term loan facility for the acquisition, as well as a $35 million working capital facility. After closing, Rudd will be a wholly owned subsidiary of Ferronordic AB and will be integrated into Ferronordic’s general corporate governance and internal controls. In 2022, Rudd had sales of $308.3 million with an operating income of $16.5 million and earnings before tax of $16.4 million (both adjusted to IFRS). All consents and approvals for the transaction have been obtained, including the approval of Volvo CE. Thus, all conditions for the transaction have been satisfied. The transaction will be completed on 30 November 2023. The transaction is not expected to have any direct impact on Ferronordic’s business in Germany and Kazakhstan. Ferronordic AB (publ) (OM:FNM) completed the acquisition of Rudd Equipment Company, Inc. on November 30, 2023.
Recent Insider Transactions • Nov 24President recently bought €430k worth of stockOn the 21st of November, Lars Corneliusson bought around 67k shares on-market at roughly €6.42 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: kr6.16 loss per share. Revenue: kr643.0m (down 56% from 3Q 2022). Net loss: kr89.0m (down 124% from profit in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Trade Distributors industry in Europe.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €7.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Trade Distributors industry in Europe.
お知らせ • Sep 20Ferronordic AB (publ), Annual General Meeting, May 16, 2024Ferronordic AB (publ), Annual General Meeting, May 16, 2024.
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: kr4.40 (vs kr6.68 loss in 2Q 2022)Second quarter 2023 results: EPS: kr4.40 (up from kr6.68 loss in 2Q 2022). Revenue: kr674.0m (up 68% from 2Q 2022). Net income: kr64.0m (up kr161.0m from 2Q 2022). Profit margin: 9.5% (up from net loss in 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe.
お知らせ • Jun 14+ 1 more updateFerronordic AB (publ) to Report Fiscal Year 2023 Results on Feb 22, 2024Ferronordic AB (publ) announced that they will report fiscal year 2023 results on Feb 22, 2024
Recent Insider Transactions • Jun 13Independent Director recently bought €316k worth of stockOn the 9th of June, Hakan Eriksson bought around 50k shares on-market at roughly €6.33 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €370k more in shares than they have sold in the last 12 months.
New Risk • Jun 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.0m (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 47% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€91.0m market cap, or US$97.7m).
Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €7.34, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 14x in the Trade Distributors industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €5.74 per share.
お知らせ • May 12Ferronordic AB (Publ) Approves Dividend, Payable Around 19 May 2023Ferronordic AB (publ) at the AGM, the shareholders approved to pay a dividend of SEK 7.50 per share. The record date for receiving the dividend is 15 May 2023. Payment will take place around 19 May 2023.
お知らせ • Feb 17Ferronordic AB (publ) to Report Q2, 2023 Results on Aug 17, 2023Ferronordic AB (publ) announced that they will report Q2, 2023 results on Aug 17, 2023